...- ZAIS CLO 19 Ltd.'s note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. - We assigned our preliminary ratings to the class A-1, A-J, B-1, B-F, C-1, C-F, D-1, D-J, and E notes. - The preliminary ratings reflect our view of the transaction's credit enhancement, pool characteristics, and legal structure, among other factors. Toronto (S&P Global Ratings) June 16, 2023--S&P Global Ratings today assigned its preliminary ratings to ZAIS CLO 19 Ltd./ZAIS CLO 19 LLC's fixed- and floating-rate notes (see list). The transaction is managed by ZAIS Leveraged Loan Master Manager LLC. The note issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior secured term loans. The preliminary ratings are based on information as of June 16, 2023. Subsequent information may result in the assignment of final ratings...
